15 U.S.C. § 9542

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 9542 - Agency study on alternative financing solutions

(a) Purpose

The purpose of this section is to provide information relating to alternative financing solutions to minority business enterprises, as those business enterprises are more likely to struggle in accessing, particularly at affordable rates, traditional sources of capital.

(b) Study and report

Not later than 1 year after November 15, 2021, the Under Secretary shall-

(1) conduct a study on opportunities for providing alternative financing solutions to minority business enterprises; and

(2) submit to Congress, and publish on the website of the Agency, a report describing the findings of the study carried out under paragraph (1).

15 U.S.C. § 9542

Pub. L. 117-58, div. K, title II, §1002020202,, 135 Stat. 1456.

Agency

The term "Agency" means the Minority Business Development Agency of the Department of Commerce.

Under Secretary

The term "Under Secretary" means the Under Secretary of Commerce for Minority Business Development, who is appointed as described in section ______3(b)1 to administer this chapter.1So in original. See References in Text note below.